Archer Acquires Trio of Orange County MOBs in Off-Market Deal

Archer Property Partners, a Newport Beach-based real estate investment firm focused on healthcare-related real estate, acquired a three-building outpatient medical office portfolio in Orange County in an off-market transaction. The portfolio is anchored by MemorialCare, one of Southern California’s leading nonprofit health systems.

The portfolio consists of MOBs located in Rancho Santa Margarita, Mission Viejo and Costa Mesa. The properties were previously owned through a partnership between a private investment group and MemorialCare, which held a minority ownership interest.

Andy Knott and Austin Kanzler of CBRE represented the seller. Archer acquired the portfolio without broker representation.

“This was a highly relationship-driven transaction,” said R.J. Sommerdyke, managing partner at Archer. “MemorialCare wanted a trusted landlord that understands the nuances of medical office real estate and the operational needs of healthcare providers. Because of our long-term relationship and experience in the sector, we were able to structure a transaction that created a great outcome for everyone involved.”